FA is easy ..... 25 mill bucks cash deal likely to be translated into capex for production facility + 25 pct of Bygoo ongoing +other assets on 100 mill share cap is easily circa 26c for initial primary revaluation IFFFF this deal is true and no scam. Show me the money as my wife would say. When she sees it that's a gimme FIRST target for mine. They say we will know by EOY. That aint far away.
TA comes up with ditto from another angle based the current structures, 1 and 5 year charts using combo of cup, handle, head, shoulder, Elliot, Carolan, Cosmics, Delphic, hybrid and with my own tea leaves and chicken bones, sipping a GT and sniffin some of that medicinal stuff they wanna legalize but which grows free range in my mountains.
Actually TA projects much higher but happy to converge on that coincident with realizing the cash deal first...... then part two will no doubt converge significantly higher with projected earnings from a producer decision. There is a phase 3 based on extended fifth poss with a discovery but that can be anything so u need to look at history and see what kinda valuations can be given to a Prominent Hill or Sirius style discovery if we get lucky.
That's what I love with this kinda extremely tight co 100 mill shares and hope they KEEP IT TIGHT BROS cos lotsa opportunities coming up for some serious wealth creation as the golden cosmos aligns.
The way to play this kinda tight baby with massive upside projects and without the pain of selling too soon or holding too long is to consider adopting a core holding (80pct) + trading stock(20pct).
Use 20 pct of yr holding to trade the legs up and reduce yr average holding costs of the core held for project maturity. Let the core ride til the power trend breaks.
I continue to painfully remember one such event over 20 years ago when I thought I was a genius for taking a 200 pct trading profit on AQP in a few weeks ...... then it announced it entered the platinum game and I was stupid enough NOT to accept my mistake and buy back into it at a higher price, thinking it might retrace to my exit price. AQP just went on with it without me and after a split as well provided a 100 BAGGER return to them who bought me out and held.
My current investment MO protects me from being suckered out too soon, smoothing out the curve so to speak, but I do trade up to 20 pct and if I get it wrong no matter, cos I still hold the 80 pct core, and if I have to get back into it at a higher price with the traders, no matter, cos I know my overall value has increased.
I have been accumulating this baby from 4c down and 1.2c up over the past couple of years ........ anything under 4.2 is base and core for mine. Has a seriously great feel to it now. But I can hear my wife in the background .... show me the money haha ... and we fly.
OWEP
TMZ Price at posting:
8.0¢ Sentiment: Buy Disclosure: Held